$IDEX stock forecast for 2021-2025: is the EV-focused fintech firm a buy now?
“Fitch believes IDEX's results will begin to recover in 2021, with sales growth of 7-8 per cent and some margin expansion, and that there is upside to IDEX's margins over time from operating leverage and as the company closely manages its expenses.”
The share price of the commercial electric vehicle (EV) and fintech firm Ideanomics (IDEX) climbed by 152 per cent in 2020, and jumped by another 178 per cent in the first few weeks of 2021. However, it has since slipped back to trade at $3.08 at the time of writing, March 22.
So, is now a good time to buy the stock ahead of further gains, or is there potential for the price to fall further?
Ideanomics operates two divisions: Ideanomics Mobility, which is focused on the adoption of commercial EVs through group purchasing discounts as well as financing and charging, and Ideanomics Capital, which provides fintech solutions for the financial services industry. Both EVs and fintech are high-growth markets that are attractive to investors and have seen heightened volatility of late as clean energy and technology stocks have fallen since the start of the year.
In this IDEX stock analysis, we look at the recent developments driving the share price and IDEX stock predictions for this year and beyond. https://capital.com/ideanomics-idex-stock-forecast-2021-2025